Binance Futures has revealed its upcoming USDⓈ-M KAS perpetual contract, set to go live for trading on November 17, 2023, at 05:00. This contract aims to empower investors to enhance their potential profits through an impressive 50x leverage offering.

In response to the listing announcement, Kaspa (KAS) experienced a notable 23% surge in its value. As of the time of composing this piece, the Kaspa coin was trading at $0.1351.

As per Binance Futures, the KASUSDT Perpetual Contract will initially have a maximum funding rate of +2.00% / -2.00% upon its launch, with funding fee payments occurring every four hours.

It's crucial to emphasize that Binance reserves the right to make adjustments to various aspects of the KASUSDT Perpetual Contract based on market risk conditions. These potential modifications encompass funding fees, tick sizes, maximum leverage, initial margin, and maintenance margin requirements.

The introduction of the Multi-Asset Mode feature grants users the flexibility to trade the KASUSDT Perpetual Contract using various collateral assets, subject to applicable coefficients. For instance, when Multi-Asset Mode is activated, traders have the option to utilize BTC as collateral when engaging in the KASUSDT Perpetual Contract.